Stage 3 Tax Cuts: Will It Allow Greater Access to the Property Market?
June 27, 2024, midnightFrom the Desk of the Chief Economist
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From the Desk of the Chief Economist
Continue reading >The PRD Affordable and Liveable Property Guides 1st Half 2024 are available for Brisbane, Sydney, Melbourne, and Hobart. These guides provide valuable insights into property trends and how current economic conditions (including higher interest rates) have impacted the market, as well as future developments for 2024. For those looking for more affo…
Continue reading >As of the December quarter of 2023, housing affordability in New South Wales, Victoria, South Australia, Tasmania, and the Australian Capital Territory have been all at their lowest in 20 years. In the past 12 months (to the December quarter of 2023), the weighted average capital city Australian median house price grew by 5.3% to $$1,005,242, maki…
Continue reading >Australia’s economy is entering a new phase following 12 consecutive cash rate hikes since May 2022. With the cash rate currently in a ‘hold’ pattern (at 4.1%), there is a multiplier effect on all facets of life. How does this impact the property market for the rest of 2023 and early 2024? And is the cash rate the only issue?
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In Q3 2019, Bargara and the Coast recorded a median house price of $372,000, and a median unit price of $345,000. This represents annual (Q3 2018 – Q3 2019) median house price growth of 3.8% and a so…
In Q3 2019, Bundaberg recorded a median house price of $243,000, and a median unit price of $177,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -3.0% (house) and -14.5% (un…
In Q3 2019, Bundaberg recorded a median house price of $243,000, and a median unit price of $177,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -3.0% (house) and -14.5% (un…
In Q3 2019, Lake Macquarie recorded a median house price of $640,000, and a median unit price of $482,500. This represents annual (Q3 2018 – Q3 2019) median price softening of -1.7% for houses and gr…
In Q3 2019, Penrith recorded a median house price of $651,750, and a median unit price of $460,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -4.9% for houses and -10.2% fo…
In Q3 2019, Penrith recorded a median house price of $651,750, and a median unit price of $460,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -4.9% for houses and -10.2% fo…
In Q3 2019, Newcastle recorded a median house price of $717,000, and a median unit price of $507,500. This represents annual (Q3 2018 – Q3 2019) median price growth of 1.7% for houses and a price sof…
A key finding in this report was that in order to identify affordable and liveable areas, suburbs with declining annual median house or unit price growth had to be considered. This was the same metho…
A key finding in this report is that most of the suburbs are spread across the north side of the Melbourne CBD. These suburbs have ticked the right boxes in relation to the best possible affordabilit…
A key finding in this report is that most of the affordable and liveable suburbs are well spread out from the Adelaide CBD. These suburbs have the best possible median price growth, while also satisf…